North American Energy Partners Inc. (NOA) Trading Down 4.2%
Shares of North American Energy Partners Inc. (NYSE:NOA) dropped 4.2% during trading on Friday . The stock traded as low as $2.52 and last traded at $2.52, with a volume of 61,018 shares trading hands. The stock had previously closed at $2.63.
NOA has been the subject of several research reports. Zacks Investment Research upgraded shares of North American Energy Partners from a “hold” rating to a “strong-buy” rating and set a $2.50 price objective for the company in a research note on Saturday, May 7th. Sterne Agee CRT restated a “neutral” rating on shares of North American Energy Partners in a research note on Monday, May 16th. Finally, TheStreet upgraded shares of North American Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, May 26th.
The stock’s market capitalization is $77.61 million. The stock’s 50-day moving average is $2.81 and its 200-day moving average is $2.24.
The company also recently announced a quarterly dividend, which was paid on Friday, July 8th. Investors of record on Tuesday, May 31st were paid a dividend of $0.016 per share. The ex-dividend date of this dividend was Friday, May 27th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 2.54%.
North American Energy Partners Inc provides a range of mining and heavy construction services. The Company offers its services to customers in the resource development and industrial construction sectors, within Western Canada. The Company provides construction and operations support services through various stages of an oil sands project’s lifecycle.
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